DETROIT— Chrysler Group says its U.S. sales rose 19 percent in September thanks to strong demand for the new Jeep Cherokee SUV and the Ram pickup. Cherokee sales rose to 14,639, surpassing the bigger Grand Cherokee and helping the Jeep brand increase sales by 47 percent over last September. The Cherokee went on sale last November.» Read More
NEW YORK, April 30- U.S. stocks opened on Wednesday after data showed the economy grew at a sharply lower-than-expected pace in the first quarter, but gains in private payrolls kept losses in check. EBay Inc, which reported results late Tuesday, added to the Nasdaq's decline, falling 5.2 percent to $51.67.
NEW YORK, April 30- U.S. investors starting on Wednesday will be able to use a single exchange-traded fund to invest in China's onshore and offshore equities markets when Deutsche Asset and Wealth Management launches the first U.S.-listed ETF with broad exposure to multiple China share classes.
*Competition intense, Munich Re faring better than market. MUNICH, April 30- Munich Re's net profit fell in the first quarter, its chief executive on Wednesday, hit by low capital market interest rates that continue to weigh on investment income at the world's largest reinsurer.
The global news and information company said on Wednesday that earnings per share for the first quarter were 46 cents, excluding amortization and other items. "We are going in the right direction, and we expect to see continued steady improvement," Chief Executive Officer Jim Smith said in an interview.
LONDON, April 30- Royal Dutch Shell capped a strong first quarter reporting season for oil majors with better-than-expected results which were boosted by gas earnings, while shareholders were rewarded with a higher dividend.
*IMF cuts Russia 2014 growth forecast to 0.2 percent. MOSCOW, April 30- The International Monetary Fund slashed on Wednesday its already modest 2014 growth forecast for Russia, warning that Ukraine- related sanctions were scaring off investors and were pushing the economy towards recession.
NEW YORK, April 30- The U.S. economy barely grew in the first quarter as exports tumbled and businesses accumulated stocks at the slowest pace in nearly a year, but activity already appears to be bouncing back. Gross domestic product expanded at a 0.1 percent annual rate, the slowest since the fourth quarter of 2012, the Commerce Department said on Wednesday.
Level 3 also raised its free cash flow forecast to $250 million- $300 million from $225 million- $275 million. Its content delivery unit targets video distributors and online portals and competes with Akamai Technologies Inc and Limelight Networks Inc..
*Exelon to buy Pepco Holdings, Pepco shares rally. *Twitter, EBay shares down a day after results. *Twitter shares fell 11.5 percent premarket a day after it posted earnings that showed lackluster user and usage growth for the second consecutive quarter.
*BBVA Q1 revenue 5 bln eur vs forecast 5.3 bln eur. MADRID, April 30- Depreciating South American currencies cast a shadow over Spanish bank BBVA's first-quarter results on Wednesday, taking a heavy toll on revenues despite improving income from Mexico and its home market.
LONDON, April 30- GlaxoSmithKline posted a 10 percent fall in quarterly sales on Wednesday, highlighting some of the industry pressures behind last week's decision to trade more than $20 billion of assets with Swiss rival Novartis.
April 30- Barrick Gold Corp reported a dramatic drop in first-quarter earnings on Wednesday and cut its forecast for 2014 copper production due to damage to the main conveyor at its Lumwana mine in Zambia that had halted ore processing there.
*GDP +0.2 pct in Feb, +0.5 pct in Jan, -0.4 pct in Dec. *Seasonally adjusted crop production down on intentions. OTTAWA, April 30- The Canadian economy grew by 0.2 percent in February from January as expected, moving past December's weather-induced decline but growing only at a modest pace, according to Statistics Canada data released on Wednesday.
April 30- An Illinois state court has reinstated a $10.1 billion verdict against Philip Morris USA in a lawsuit accusing the Altria Group Inc unit of misleading consumers about the risks of smoking "light" cigarettes.
April 30- Israel's Teva Pharmaceutical Industries Ltd said its experimental abuse-resistant pain drug significantly reduced patients' chronic low back pain in a late-stage trial. The drug is a twice-daily formulation of hydrocodone, which belongs to a powerful class of painkillers known as opioids that are also frequently abused.
WASHINGTON, April 30- U.S. labor costs increased at their slowest pace in more than two years in the first quarter, suggesting that slack in the jobs market continues to keep wage inflation subdued. The Employment Cost Index, the broadest measure of labor costs, rose 0.3 percent after gaining 0.5 percent in the fourth quarter, the Labor Department said on Wednesday.
OSLO, April 30- Norway's $860 billion sovereign wealth fund is holding off from making new investments in Russia because of the conflict in Ukraine, its chief executive said on Wednesday. The fund usually looks to buy equities and bonds when markets are falling and sell when they rally, but it views the political turmoil over Ukraine a risk too far at the moment.
GDP, DOWN 0.1 PCT AT $1,294.46/ OZ.
WASHINGTON, April 30- The U.S. economy barely grew in the first quarter as exports tumbled and businesses accumulated stocks at the slowest pace in nearly a year, but activity already appears to be bouncing back. Gross domestic product expanded at a 0.1 percent annual rate, the slowest since the fourth quarter of 2012, the Commerce Department said on Wednesday.
April 30- Oil and natural gas producer Hess Corp reported a higher-than-expected quarterly profit on Wednesday, helped in part by a jump in Norwegian production. Gulf of Mexico, posted first-quarter net income of $386 million, or $1.20 per share, compared with $1.28 billion, or $3.72 per share, a year earlier.